PIPWISE

PIPWISE Broker A new broker launched in 2023 and registered in Georgia. With a Persian-language website and support, Rial deposits and withdrawals via TopChange, and a low minimum deposit, Pipwise serves Iranian clients. In this overview, we review Pipwise's license, accounts, payment methods and risks based on Teagle data so you have a clear picture before opening an account.

What kind of broker is Pipwise?

With about three years in operation, Pipwise is one of the youngest brokers active in the Iranian market. The broker offers trading only on the MetaTrader 5 platform, and according to its FAQ, tradable instruments include forex, metals, energy, stocks, indices, cryptocurrencies, commodities and bonds. In the assessment of Teagle's expert, Pipwise is a new broker with offshore regulation that may carry investment risk, but it has made features such as Rial deposits and withdrawals and serving Iranian clients a priority.

Pipwise licenses and credibility

According to Teagle's latest review, Pipwise holds only one active license: MISA of Mwali (Mohéli) Island (Mwali International Services Authority) in the Comoros, whose license number is not recorded in Teagle's data. This is an offshore license and is considered one of the weakest forms of oversight, carrying more risk for investors than tier-1 and tier-2 regulators. The combination of a weak license and a short track record is this broker's biggest weakness. To learn about regulator tiers, read the guide Broker regulation and its tiers and the article The difference between offshore and onshore brokers .

Does Pipwise serve Iranians?

Yes. Service to Iran, a Persian website, Persian support and instant verification are recorded for Pipwise in Teagle's data. According to the FAQ, the broker's Persian support is available 24/7, both through an automated assistant and through chat with a support agent. Rial deposits are also possible via TopChange (in Rial and dollars). However, an offshore license means that in the event of a dispute, Iranian users will not have strong legal protection.

Pipwise trading accounts

Pipwise offers three account types with floating spreads on MetaTrader 5, all with maximum leverage of 1:1000 and a margin call level of 100%:

• Standard account: minimum deposit $20, no commission, spreads from 1 pip and a stop-out of 30%.
• ECN account: minimum deposit $200, commission of $5 per lot, spreads from zero and a stop-out of 40%.
• ECN PRO account: minimum deposit $500, commission of $3 per lot, spreads from zero and a stop-out of 40%.

None of the accounts have requotes, but an Islamic (swap-free) version is not offered either. In the ECN accounts, commission replaces the spread, and the ECN PRO account has a lower commission for a larger deposit; to choose correctly, see the article Introduction to the ECN account and comparison with other accounts . Leverage of 1:1000 is also dangerous for beginners and must be paired with careful risk management.

Pipwise platforms and services

Pipwise's only platform is MetaTrader 5, available for Windows, Mac, Android and iOS; MetaTrader 4 and cTrader are not offered. Expert advisors are allowed with this broker. Additional services are limited and include bonuses, education and an IB program. According to the FAQ, Pipwise has no no-deposit bonus, but offers a 120% bonus on the first deposit under certain conditions. Bonus terms are usually strict when it comes to withdrawals; follow them on the broker bonuses page .

Deposits and withdrawals at Pipwise

Pipwise's payment methods include Ethereum, Tether (on the TRC20, ERC20 and BEP20 networks) and USDC, Bitcoin and BNB, StickPay, TopChange, and Visa and Mastercard cards. For all these methods, the minimum deposit and withdrawal is $10, deposits and withdrawals are fee-free, deposits are instant and withdrawals take up to one hour. Note that the minimum deposit for the Standard account is twenty dollars. One Teagle user has reported that a Tether withdrawal from the panel did not go through and is unsure whether the problem was their internet or the broker. If you work with Tether, also read the article Common mistakes Iranians make when buying Tether .

Pipwise's rating and risk on Teagle

Pipwise's final rating on Teagle is 3.24 out of 5, derived from the average of three sources: Trustpilot 4.2, WikiFX 3.02 and Teagle's expert 2.5; Teagle user ratings are not yet included in this average. The Teagle expert's rating being lower than Trustpilot's is notable. The Teagle Eye risk index for this broker is 57 out of 100, in the "medium risk" category; having only one offshore license and a three-year track record are the two main factors pushing this index up. See where it stands in the ranking of brokers suited to small capital .

Pros and cons of Pipwise

• Pro: low minimum deposit and a variety of accounts (Standard, ECN and ECN PRO)
• Pro: fee-free deposits and withdrawals, including Rial and crypto
• Pro: 24/7 Persian support, both automated and human
• Con: only one offshore license (Mwali)
• Con: short operating history
• Con: no Islamic account and no MetaTrader 4 or cTrader

Who is Pipwise suitable for?

In the assessment of Teagle's expert, Pipwise is an option worth considering for beginner traders with small amounts who knowingly accept the risks involved, but it carries high risk for professional traders with large capital. Before deciding, weigh it in the Pipwise vs. Opofinance comparison against another broker that serves Iranians.

Conclusion

PIPWISE offers attractive features for Iranian users with fast, fee-free payments, Persian support and a low minimum deposit, but being new and relying on the weak Mwali license means you should approach it with full caution. Start only with a small amount, make a test withdrawal before adding more capital, and follow new warnings on the investment risk warning page .